Zhejiang Qingke Semiconductor Bankruptcy and Liquidation: Mainland China's Chip Industry in Trouble

大纪元 Epoch Times

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Qingke Semiconductor Co., Ltd. in Jinhua, Zhejiang Province, has been ordered by the court to enter bankruptcy liquidation. The company's original plan to invest 2 billion RMB in a high-end chip project has come to an end. According to court announcements and media reports across mainland China, as of October this year, at least nine companies involved in chip design, packaging and testing, and smart manufacturing have been declared bankrupt.